E&P model should be seen as a blueprint for building local mining giants – GIPA Boss
Chief Executive of the Ghana Investment Promotion Authority, Simon Madjie, has maintained that he fully supports efforts to encourage more Ghanaians to own a significant stake in Ghana’s mining sector.
Simon Madjie, the CEO of the Ghana Investment Promotion Authority, has voiced his full support for initiatives aimed at encouraging more Ghanaians to acquire a substantial share in the country's mining industry. Speaking on PM EXPRESS Business Edition on October 8, 2026, Madjie emphasized the importance of local ownership in the mining sector, stating that the time has come for indigenes to have a significant stake in Ghana's mining operations.
He highlighted the achievements of companies like Engineers and Planners E&P, which have proven their ability to compete with multinational mining firms. Madjie stressed that the E&P model should serve as a blueprint for establishing local mining giants in Ghana. He acknowledged that these firms have played a pivotal role in the value chain and now possess the capacity to own and operate mines.
Madjie reiterated the government's commitment to assisting every Ghanaian and business entity in owning a stake in key economic sectors. He assured Ghanaians and foreign investors alike that the government is not hostile to foreigners but is keen on fostering local ownership and enhancing local capabilities.
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